4 Segmental information continued
Software Resilience £m
Central and head office £m
Assurance £m
Group £m
Segmental analysis 2020 (restated) 2
Revenue
226.2
37.5
–
263.7
Cost of sales
(149.3)
(10.0)
– (159.3)
Gross profit
76.9
27.5
–
104.4
Gross margin %
34.0% 73.3%
– 39.6%
General administrative expenses allocated
(43.9)
(10.0)
(5.0)
(58.9)
Adjusted EBITDA 1
33.0
17.5
(5.0) (3.5) (8.5) (7.9) (8.8) (1.4)
45.5
Depreciation and amortisation
(10.7)
(0.6)
(14.8)
Adjusted operating profit 1
22.3
16.9
30.7
Individually Significant Items (Note 5) Amortisation of acquired intangibles
– – –
– – –
(7.9) (8.8) (1.4)
Share-based payments
Operating profit
22.3
16.9
(26.6)
12.6
Software Resilience £m
Central and head office £m
Assurance £m
Group £m
Segmental analysis 2021
6.0
–
2.1
8.1
Additions to non-current assets Reportable segment assets Reportable segment liabilities
69.3
13.5
349.5
432.3
(94.9)
(4.5)
(66.7)
(166.1)
Software Resilience £m
Central and head office £m
Assurance £m
Group £m
Segmental analysis 2020 (restated) 2
Additions to non-current assets Reportable segment assets Reportable segment liabilities
4.7
0.2
12.3
17.2
88.0
18.4 330.8 437.2
(73.9)
(14.5)
(142.9)
(231.3)
The Central and head office cost centre is not considered to be a separate operating segment nor part of any other operating segment as it does not generate any revenues. Included within Central and head office are assets and liabilities not specifically allocated to the reporting segments and include investments, head office tangible and intangible assets, deferred tax assets and liabilities, right-of-use assets and associated lease liabilities, Parent Company cash balances, the RCF facility and certain provisions. Central and head office assets and liabilities are disclosed to allow a reconciliation back to the Group’s assets and liabilities. During the year, management has amended its segment disclosure to reflect the way the performance of the business is reported to the CODM and managed. The performance of the APAC region was previously included within Europe and APAC. For the year ended 31 May 2021, the APAC region is now included together with the UK segment until it becomes such a size that warrants separate reporting to the CODM. In addition, with the continuing growth and formation of a European division we have changed geographical segments in line with how this information is reported to the Board and managed today and have represented prior year figures on a like-for-like basis. The net book value of non-current assets is analysed geographically as follows:
2020 (restated) 2 £m
2021 £m
172.0
UK and APAC North America
188.3
60.5
68.6 10.4
9.0
Europe
Total non-current assets
241.5
267.3
NCC Group plc — Annual report and accounts for the year ended 31 May 2021
155
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